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							<h3 id="sidebar-content-header">Pharmacy Benefit Management </h3>
							<p>Pharmacy Benefit Management is a third party administrator of prescription drug programs and work with self-insured companies and 
							government programs in reducing pharmacy expenses at the same time improving health care outcomes. PBM is responsible for formulary 
							development and maintenance, negotiations with pharmacies and drug manufacturers for discounts and rebates, and processing and paying
							prescription drug claims. Information about tablet splitting, mail order service, and evaluating clinical programs for large populations 
							are some of the information provided by PBM to help control prescription costs. </p>
							
							<p>The Federal Trade Commission (FTC) describes the PBM competition in the market as "vigorous" for in the United States alone there
							are about 60 PBMs and they compete to win business by offering a range of sophisticated administrative and clinically based services 
							to their clients. </p>
							
							<p>In 2012, the five largest PBMs were: </p>
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								<li>Express Scripts (acquired Medco Health Solutions);</li>
								<li>CVS Caremark;</li>
								<li>Prime Therapeutics, a PBM owned by and operated for a collection of state Blue Cross Blue Shield plans;</li>
								<li>OptumRx, the PBM business unit of UnitedHealth Group;</li>
								<li>Catamaran Corporation (SXC + Catalyst).</li>
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